REPOWER

Appropriation of retained earnings

Appropriation of retained earnings

The Board of Directors proposes the following appropriation of retained earnings to the Annual General Meeting

The Board of Directors proposes the following appropriation of retained earnings to the Annual General Meeting
Profit for 2012 CHF 21,106,575
Retained earnings carried forward1) CHF 10,540,347
Retained earnings CHF 31,646,922
     
Allocation to other reserves CHF -20,000,000
Balance carried forward CHF 11,646,922
     
Furthermore, the Board of Directors proposes to the Annual General Meeting a dividend of CHF 2.50 per share or participation certificate, to be paid from capital reserves:
     
Capital reserves carried forward   35,153,066
Dividend on share capital of CHF 2.8 million2)   -6,957,788
Dividend on participation capital of CHF 0.6 million2)   -1,562,500
Capital reserves carried forward to new account CHF 26,632,778
     
     
Dividend per share/participation certificate, gross CHF 2.50
./. 35% withholding tax CHF -
Net payment CHF 2.50

1)No dividend was paid on the 12,156 shares and 4,107 participation certificates held by Repower AG on the payout date, thereby increasing retained earnings forward by CHF 81,315.

2)Qualified as tax-neutral repayment of capital in accordance with Art. 20 of the Federal Law on Direct Federal Tax, and Art. 5 of the Federal Law on Withholding Tax.

No dividend is paid on shares or participation certificates held by Repower AG on the payout date. This can reduce the actual dividend payout accordingly.

Subject to the approval of the Annual General Meeting, the dividend will be paid from capital reserves starting on 23 May 2013 on presentation of coupon No. 10 for a share with a par value of CHF 1.00 or coupon No. 10 for a participation certificate with a par value of CHF 1.00.

Poschiavo, 27 March 2013

For the Board of Directors:

Dr Eduard Rikli

Chairman of the Board of Directors